Elaborating on Some Key Aspects of the Dead Devil Society Roadmap

There are a few things I really need to cover so that everyone involved in the DDS has a firm grip on what we’re doing and where we’re going. The White Paper is primarily concerned with explaining our immediate goals, like the Burn Ritual and the Collaboration Auctions, but a few things toward the end are sort of parenthetically mentioned. However, those are not trivial matters. The DDS is all about practical goals and setting milestones that are actually achievable. We also don’t want to risk the project attracting a disproportionate amount of flippers and suffering as a result of it. So, in that vein, we’re going to provide all of our members with the information they need to incentivize participation and belief in this society. This is a demon-cratic society, after all.

First things first. Every holder of a DDS is going to have a voice within the organization. No decision will be made without a majority vote. Governance is one immediate utility of the DDS you own, but how is your vote weighted? For instance, does a holder of 45 DDS tokens have the same influence as a holder of 1? The answer is yes. And that might be shocking to some of you, but the rationale lies in the fundamental utility of the token outside of its governance function. As a holder of DDS tokens, you will have the option of staking those tokens in exchange for an erc20 token that will act as the Organization’s currency. It will also be redeemable for chips in our casino, which I’ll discuss further below. If you stake a number of your DDS NFTs, you will receive in exchange the equivalent amount of that erc20 (which will equal the floor value of DDS at the time). You will be able to use that erc20 to interact and participate in our casino, or simply hold those tokens and provide stability for the DDS project through passive staking (which will generate APY for you), or you can eventually freely trade those tokens on a DEX. The more DDS you own, the higher the incentive to stake. In addition to that, the more DDS you own, the more drop rewards you will receive in the future, and the more net value you will accrue. In order to avoid a situation wherein whales become the only effective members of a governing body, we feel that an unweighted vote is the most effective solution. Thus, every holder has one vote. However, there will be a failsafe measure in place in the form of a group comprised of long-term holders of the Devil Brand. This will be a group of 25 collectors who have been invested in the Brand for the longest amount of uninterrupted time. Thus, the group can lose and gain new members over time, should one or more of them choose to liquidate their holdings. This group will have two functions. First, in the event of a tie vote, they will convene and have the final say on the decision in the same way a jury deliberates. Secondly, this group has the right to petition the Devil Himself (the Project Creator) to intervene in a decision if they feel the fundamental integrity of the organization is being compromised. In that event, Devil will have the final say on any matter brought to his attention. Obviously, since his duties, obligations, and well-being are all inextricably tied to the health of this organization, such a decision would not be taken lightly.

Next up, we should discuss the Burn Badge briefly. Anyone who burns a DDS will receive in exchange one Burn Badge, which will be a separate NFT commemorating the event, but it will also possess its own unique and important utility. The details of that utility will be elucidated at a later date, but let it suffice to say that it’s pretty sweet.

Next up, let’s cover the Devil’s Menagerie, the Organization’s curated NFT vault. As outlined in the White Paper, four curators will be elected every month (thirteen 4-week periods) by members, and every week each will have the duty of selecting ten independent artists that they feel are deserving of being included in the vault. Of those forty nominees, 1 from each of the four lists will be elected by the members to be purchased by the Treasury and placed in the vault, thereby tying our own future to that of the artists we select. The caveat to this system involves the winners of the auctioned signature pieces. Each individual who possesses a signature collaboration piece receives one unchallenged nomination per year for an artist from whom the Organization is then obligated to purchase a piece. It is a significant power and a substantial perk to owning an auction piece, but not so strong as to nullify the democratic process of the Organization.

Over time as the DDS projects are proposed and accepted, the funding will be in large part derived from the auctioning of the vault pieces. The pieces will be appraised by the elected curators at that time and ten will be chosen by majority vote among those four curators, with the Devil acting as the deciding vote in the case of a stalemate. Those ten nominees will again be voted on by the holders and the piece with the highest number of votes will be sent to auction and the proceeds will go towards the development of said project. The pieces within the vault will also be periodically displayed in galleries and NFT museums, as well as in our own Casino, which we can finally talk about.

The Casino is going to be the epicenter of the Devil-verse. Not only will you be able to gamble there on anything from baccarat to blackjack, but you’ll also be able to socialize, network, listen to live shows, hear seminars and speaking events, browse pieces from our vault, and generally just have a good time. We will also be integrating a merch store for metaverse wearables into the Casino giftshop eventually and upgrades to your avatars will be available. The casino will eventually become another large source of revenue generation for the DDS, as the requisite rake on all table games will be taken by the “House” and be put directly into the Treasury to fund further expansion of the Devil Brand. The chips used, as alluded to before, will be available for purchase with our erc20 token that members can acquire in one of three ways: through participation in the governance of the Society; through the staking of their DDS tokens; and finally through buying directly over the counter. Of course, your casino chips can also be exchanged for an equivalent amount of our erc20 token. These tokens will eventually accrue substantial value on the open market as the floor on DDS tokens rises, and at that point all of the traders who buy and sell them will be indirectly funding the DDS.

I hope that this has been informative and more than anything I hope that it gets you as excited as it gets me. I can’t wait to build this vision with all of you and secure our future in the metaverse. Thanks for your time and please don’t hesitate to ask any questions or challenge any aspect of this blueprint. We are all doing this together, or we aren’t doing it at all. Thanks guys.